Centre may ease PLI scheme for AC and LED manufacturing firms

20 Sep 2021 CW Team

Panasonic, Daikin, Bluestar, TVS-Lucas, Dixon, Havells and Syska are among the 52 firms that have invested Rs 5,866 crore under the PLI programme for LED lighting and white goods.

The scheme proposes incentives of 4-6% on incremental sales of goods made in India until FY29.

Anil Agrawal, additional secretary, Department for Promotion of Industry and Internal Trade (DPIIT), told the media that investments done after April 1, 2021, will be allowed for incentives for those who qualify in the PLI scheme. It is because they had declared the scheme in November last year. Firms making the cut will receive a one-year gestation period to install their plants.

The scheme is fund-limited, and the incentive amount is limited. For air conditioners, the limit is the net incremental sale of qualified product(s) up to five times the total threshold investment in the preceding financial year.

For LED lights, the limit is the net incremental sale of the eligible product(s) up to six times the total threshold investment in the preceding financial year.

The application window for the Rs 6,238 crore PLI scheme for white goods was from June 15 to September 15. Agrawal said that the department has selected IFCI Limited to serve as the project manager, which will assess the applications made. The incentive expenses are likely to be lower than the predicted payout of Rs 6,238 crore even if 50 firms get elected. The scheme is economical.

In total, 31 firms have committed around Rs 4,995 crore investment for AC components, and 21 firms have committed Rs 871 crore investment for LED components.

The scheme intends to make India self-reliant in the production of ACs and LEDs. Of the three elements of ACs, India is reliant on imports for copper tubes and aluminium foils. The domestic capacity of the third component, compressor, is likely to surge four times to 6 million units due to the scheme.

Image Source

Also read: Govt nods Rs 26,058 cr PLI scheme for automobile and drone industry

India may ease terms of agreement for air conditioner and LED makers selected for the Production Linked Incentive (PLI) scheme for white goods, enabling investments made after April 1 this year to be eligible for advantages under the programme. Panasonic, Daikin, Bluestar, TVS-Lucas, Dixon, Havells and Syska are among the 52 firms that have invested Rs 5,866 crore under the PLI programme for LED lighting and white goods. The scheme proposes incentives of 4-6% on incremental sales of goods made in India until FY29. Anil Agrawal, additional secretary, Department for Promotion of Industry and Internal Trade (DPIIT), told the media that investments done after April 1, 2021, will be allowed for incentives for those who qualify in the PLI scheme. It is because they had declared the scheme in November last year. Firms making the cut will receive a one-year gestation period to install their plants. The scheme is fund-limited, and the incentive amount is limited. For air conditioners, the limit is the net incremental sale of qualified product(s) up to five times the total threshold investment in the preceding financial year. For LED lights, the limit is the net incremental sale of the eligible product(s) up to six times the total threshold investment in the preceding financial year. The application window for the Rs 6,238 crore PLI scheme for white goods was from June 15 to September 15. Agrawal said that the department has selected IFCI Limited to serve as the project manager, which will assess the applications made. The incentive expenses are likely to be lower than the predicted payout of Rs 6,238 crore even if 50 firms get elected. The scheme is economical. In total, 31 firms have committed around Rs 4,995 crore investment for AC components, and 21 firms have committed Rs 871 crore investment for LED components. The scheme intends to make India self-reliant in the production of ACs and LEDs. Of the three elements of ACs, India is reliant on imports for copper tubes and aluminium foils. The domestic capacity of the third component, compressor, is likely to surge four times to 6 million units due to the scheme. Image SourceAlso read: Govt nods Rs 26,058 cr PLI scheme for automobile and drone industry

Infrastructure Transport

11 May 2026

Shivraj Chouhan Launches PMGSY IV and Announces Package for Madhya Pradesh

Union Minister Shivraj Singh Chouhan launched the Pradhan Mantri Gram Sadak Yojana (PMGSY) IV at Bhairunda in Sehore district during the 25 year celebrations and announced a development package for Madhya Pradesh. The programme was organised by the Union Ministry of Rural Development and attended by Chief Minister Dr Mohan Yadav, ministers of state, state ministers, legislators and senior officials from the centre and the state. The minister said the central government under the Prime Minister is committed to strengthening rural livelihoods through improved connectivity, housing and women's in..

Infrastructure Urban

11 May 2026

DMR Engineering Reports FY 25-26 Financial Results

DMR Engineering reported its half year results for the financial year ended 31 March 2026 and published full year figures on a standalone basis. Standalone revenue from operations decreased by 2.01 per cent year-over-year to Rs 102.58 million (mn), while profit after tax declined by 43.94 per cent to nine point five six mn, leaving a profit after tax margin of nine point zero five per cent. Earnings per share stood at Rs zero point nine two, a fall of 44.71 per cent year-over-year. The company attributed part of the decline to one-off provisioning for bad debts and additional financing charges..

Infrastructure Urban

11 May 2026

Atlanta Electricals Posts Strong FY26 Growth And Debt Free Finish

Atlanta Electricals reported audited consolidated results for the quarter and year ended 31 March 2026. The company recorded significant year-on-year revenue growth driven by capacity ramp-up at new facilities and higher utilisation at legacy plants. The announcement summarised operating improvements and strategic milestones achieved during the year. For Q4 the company reported revenue of Rs 7.48 bn and for FY26 revenue of Rs 18.52 bn, representing robust growth versus the prior year. EBITDA in Q4 was Rs. 1.49 bn and Rs. 3.44 bn for the full year, with margins expanding to 20 per cent in the q..